Mutual Fund SIP calculator may provide potential investors an approximate estimate on the maturity amount of the monthly SIP, purely based on mathematical calculation of the projected annual return rate selected by investor. However, such calculation does not factor the actual performance by the Asset Management Company (AMC) and should not be treated as any advice or assurance about the actual return of investment. Mutual Funds do not have a fixed rate of return and it is not possible to predict the rate of return. Please note that the SIP calculator are for illustrations only and do not represent actual returns which may vary depending on various factors including but not limited to actual performance, expense ratio, taxation, exit load (if any), etc.
Determining the top-performing LIC mutual fund for SIP depends on factors such as your financial goals, investment horizon, and risk tolerance. Explore the range of LIC mutual fund options available and consider seeking advice from a financial advisor for personalised recommendations.
To begin investing in LIC Mutual Fund SIP, start by selecting a scheme that matches your investment objectives and risk tolerance. Decide on the SIP amount and frequency, complete online KYC verification, make the initial payment online, and authorise auto-debit through an ECS mandate.
Life Insurance Corporation of India has a reputable mutual fund house regulated by SEBI, offers SIPs with inherent market risks that may cause fluctuations in returns. Ensure to select a fund that aligns with your risk appetite.
The interest rate for LIC mutual fund SIPs is not fixed, as returns are based on the performance of the chosen mutual fund.
Yes, you can invest Rs. 1,000 per month in an LIC mutual fund SIP. However, verify if the selected fund permits this investment amount, as the minimum SIP amount varies among funds.